Johannesburg’s WIOCC Fibre Investment Wins US$155 Million US Backing
A WIOCC fibre investment of up to US$155 million won US DFC board approval on 16 September 2026, two weeks after a US$300 million raise. The post Johannesburg’s WIOCC Fibre Investment Wins US$155 Million US Backing appeared first on The Rio Times .
The Johannesburg-based network builder, WIOCC Group, has secured US$155 million in investment from the US Government's International Development Finance Corporation (DFC). This marks the largest equity investment the DFC has made to date. The DFC's approval follows a combined US$300 million investment from two other backers on 3 September 2026.
The US agency will become a part-owner of WIOCC Group, not a creditor, by purchasing a share in the company. The funding will be used to enhance data centre capacity, expand open-access fibre in new markets, and develop selected subsea cable assets. The DFC expects the project to support the scaling of WIOCC's fibre subscribers by 100 times by 2031, thereby improving broadband access and connection quality across 30 African countries.
The investment aligns with US strategic interests in supporting US hyperscalers and comes as Washington seeks alternatives to Chinese technology suppliers like Huawei.
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